Procyclical policy:
What will be an ideal response?
fiscal policy in which taxes are lowered and expenditure is raised when the economy is strong, and the opposite is done when the economy is weak
Economics
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All of the following policies are ways for a country to promote long-run economic growth except
A) imposing stricter regulations to limit foreign direct investment. B) undergoing political reform to decrease corruption. C) enacting stronger laws to protect property rights. D) increasing vaccinations against infectious diseases.
Economics
________ is a flow of earnings per unit of time
A) Income B) Money C) Wealth D) Currency
Economics